PTI
Srinagar: Assets worth Rs 11.86 crore of National Conference president Farooq Abdullah have been attached by the Enforcement Directorate in connection with the Jammu and Kashmir Cricket Association (JKCA) money laundering case, the agency said on Saturday.
The Enforcement Directorate, which investigates financial crimes, is looking into money-laundering allegations connected to the J&K cricket body. The CBI had in 2018 filed a chargesheet against Mr Abdullah, a National Conference MP, and three others, for alleged misappropriation of Rs 43.69 crore between 2002-11.
The Enforcement Directorate claimed it has found that between 2006 and 2012, Mr Abdullah misused his position to launder JKCA funds. More than Rs 45 crore appear to have been siphoned off including large cash withdrawals, it said.
His assets attached include three residential and one commercial properties and four plots of land in Jammu and Kashmir. While the book value of these attached properties is Rs 11.86 crore, their market value is about Rs 60-70 crore, officials in the agency told news agency.